VAT (Value Added Tax) is one of the most complex taxes imposed on business and one that many businesses inadvertently overpay or underpay.
With a constant stream of detailed changes to the regulations, businesses can find it difficult to ensure they comply. Mistakes in its calculation can be costly and the rigid system of penalties for late submission of returns and interest charges for mistakes only adds to the burden.
Our experienced team can provide a cost effective service which will help to keep your affairs in order. SFB will make sure that you are collecting the right amount for each transaction and will ensure that you make payments and file returns correctly and on time.
In addition to VAT compliance work, SFB provide advice on more complex planning issues such as:
- Voluntary registration
- Compulsory registration
- Partial exemption
- Cash accounting, annual accounting and flat rate schemes
- VAT on imports and exports
- Margin schemes for second hand goods
- Dealing with enquiries from HM Revenue & Customs
- VAT & property